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Housing finance up in December

Staff Reporter 1 minute read

Further evidence that the lower rate environment has stimulated demand for home loans was revealed in strong ABS December lending finance figures released yesterday.

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According to the latest data, the total value of owner-occupied housing commitments rose 7.1 per cent, seasonally adjusted, in December to reach $13.506 billion.

However other finance commitments remain weaker.

Consumers’ appetite for personal debt rose by a modest 4.1 per cent while commercial finance commitments rose just 1.8 per cent – barely recovering any of the 10.4 per cent decline recorded for November, to rest at $28.775 billion.

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Housing finance up in December
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